Competition Commission confirms that it has concluded its investigation into long-term supermarket lease agreements and their anti-competitive effects.

Diepkloof Square community centre is reporting strong and growing trade less than six months after opening on 29 November 2012, bringing quality community shopping to this iconic Soweto suburb.

OIL giant BP is to embark on a huge expansion of its forecourt retail offering in South Africa, announcing on Tuesday that it will partner with Pick n Pay to build 120 more food convenience stores at its fuel stations over the next five years.

The retailer has developed two new stand-alone retail centres in Chatsworth, KwaZulu-Natal and in Little Falls, Roodepoort, Johannesburg.

Norwood Mall’s new tenant mix, including anchor tenants Pick n Pay, Woolworths, Dis-Chem and, latest addition, Food Lover’s Market, has created one of the most commanding retail attractions for a centre of its size.

Food Lover’s Market opened last month in a 1,800sqm store in the reconfigured Norwood Mall, which also created excellent customer access and flows for the mall and its new extension.

Norwood Mall is owned by SA property investment company Cavaleros Group. Its new tenant mix creates an unparalleled 32,344sqm of everyday shopping across its four anchor tenants, complemented by an exciting selection of fashion, restaurants and other shopping in the centre.

Elsabe Griesel, portfolio manager for Norwood Mall owners, The Cavaleros Group says: “Building on an excellent foundation, the reconfiguration brings our customers more of what they want, under one roof. Almost 80% of Norwood Mall’s customers visit the mall for food and groceries. This investment has strengthened the mall’s shopping variety and retail mix to meet these shopping needs.”

Proving the power of its pull, Norwood Mall Pick n Pay is among the top five performing Pick n Pay stores in SA, with one of the highest turnovers in the country.

Neal Quirk, Operations Director for Pick n Pay says: “Norwood Mall developed from the solid foundation of a Pick n Pay centre. As the Norwood Pick n Pay store has evolved over the years to meet our customers’ changing needs and give our shoppers the best retail experience and products, so Norwood Mall has also been inspired to expand and improve to remain fresh and relevant to customers.”

Norwood Mall’s appeal is defined by the strength of its retailers, convenience and unparalleled choice of everyday shopping, combined with its sophisticated, casual environment.

In fact, research shows that Norwood Mall enjoys unbeatable shopper loyalty from its mainly middle- to upper-income customers. 90% of Norwood Mall’s customers shop at the centre every day or every week.

Matt Keogh, Group Retail Operations Director at Woolworths says: “With contemporary retail design, excellent levels of service and the quality of food, clothing and homewear – our Norwood Mall store offers our customers the shopping experience that they have come to expect from Woolworths.”

“In the foodmarket we’re delighted to be able to offer the entire family a wide range of the freshest produce, delicious meats as well as all the extras you need to be your own ‘Masterchef’ at home. Our tasty ready-made meals are also on hand for those who need the convenience. And when it comes to household necessities like washing powder, not only do we have a range of Woolworths own-brand products, we also offer some of South Africa’s favourite brands,” says Keogh. “Woolworths Norwood Mall customers can also count on our store for a carefully edited selection of quality, easy to care for fashion for women, men and children.”

Complementing and enhancing the overall shopping experience, the stylish and modern Food Lover’s Market food emporium at Norwood Mall, is an ideal match for customers.

As part of the reconfiguration, five retailers revealed new-look stores at Norwood Mall, all in new positions in the shopping centre. Mr Price Home, Rage, Crazy Store, Bata and Step Ahead are trading from new stores as part of an innovative reconfiguration that will give Norwood Mall shoppers better access, easy flows and even more variety.

The result of the new tenant mix is a shopping centre which maximises its potential and delivers exactly what its customers want.
Griesel says: “The positive results of the extension, reconfiguration and retail mix refresh are already obvious. It’s been exciting and rewarding working with our retailers to create an exceptional shopping experience for our customers.”

Thursday, 19 April 2012 02:00

Global retailer interest in Africa piqued

Global retailers had been coming in to South Africa to look at what pushed the world's biggest retailer into spending $2.4 billion for control of South Africa's Massmart

Wednesday, 07 March 2012 02:00

Malawi gets big centre 'wowee'

Combining SA and local interest, Gateway regional shopping centre in Lilongwe, Malawi – the largest ever in the country – is moving rapidly to completion

Spire Property Management recently secured a mandate to manage the national portfolio of Pick ‘n Pay owned retail properties.

Wednesday, 21 October 2009 02:00

Bay retail buildings fetch millions at auction

A public auction at the Radisson Blu Hotel saw top businessmen in Nelson Mandela Bay digging deep into their pockets to purchase four prime properties in the city on Tuesday.

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